Effective operation of the power system: a primary requirement for a competitive electricity market in the EU

Effective operation of the power system: a primary requirement for a competitive electricity market in the EU

The European Union’s Energy Package delineates, very clearly, the directions in which the transformation of the European electricity sector should proceed. The implementation of effective market solutions, with a simultaneous prevention of excessive dependence on outside energy sources, is of great significance for ensuring the growth of the European Union’s economy. It is, therefore, extremely important to ensure effective operation of the European power system, both by introducing relevant legal regulations, and by ensuring its smooth development in specific areas. The European Commission (EC) has clearly indicated that the development of cross-border interconnections is one of the primary requirements for the effective operation of the electricity market. The overall objective is to maximise the cross-border capacity of each system. To set a target for each country, a special indicator was established by the EC, amounting to the ratio between the long-term available cross-border capacity (as far as the import of energy to that country is concerned), and the generation capacity installed in that country. Each country aims to achieve the value of, at least 10% by 2020, and discussions are currently in progress on increasing the (obligatory) requirement up to 15%. Bearing in mind the correctness of the methodology adopted for calculating the ‘ratio set aside’ (as it will be termed), the introduction of the indicator (“cross-border indicator”) as an obligatory requirement means, in practice, that some very serious transmission grid infrastructure investment will be required. Hence, it is extremely important to ensure proper planning for future infrastructure, to avoid excessive investment, whilst the remaining system solutions on the European scale remain insufficient (or have simply not been introduced). [...]

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